FANCF (First Atlantic Nickel) Total Current Assets : $1.84 Mil (As of Jul. 2024)

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What is First Atlantic Nickel Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. First Atlantic Nickel's total current assets for the quarter that ended in Jul. 2024 was $1.84 Mil.

First Atlantic Nickel Total Current Assets Historical Data

The historical data trend for First Atlantic Nickel's Total Current Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Atlantic Nickel Total Current Assets Chart

First Atlantic Nickel Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Total Current Assets

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0.24

1.01

0.38

0.71

0.84

First Atlantic Nickel Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Total Current Assets	Get a 7-Day Free Trial															0.92	0.84	0.84	0.75	1.84

First Atlantic Nickel Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

First Atlantic Nickel's Total Current Assets for the fiscal year that ended in Jan. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.663	+	0.173	+	0	+	0.0039999999999999
	=	0.84

First Atlantic Nickel's Total Current Assets for the quarter that ended in Jul. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.533	+	0.207	+	0	+	0.097
	=	1.84

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

First Atlantic Nickel (OTCPK:FANCF) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

First Atlantic Nickel's Liquidation Value for the quarter that ended in Jul. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.533	-	0.845	+	0.75 * 0.207	+	0.5 * 0
=	0.84

First Atlantic Nickel Total Current Assets Related Terms

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First Atlantic Nickel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Atlantic Nickel Corp (OTCPK:FANCF) » Definitions » Total Current Assets

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Traded in Other Exchanges

P21:Germany FAN:Canada

Address

1075 West Georgia Street, Suite 1890, Vancouver, BC, CAN, V6E 3C9

Website

https://www.fanickel.com

First Atlantic Nickel Corp is a mining exploration company focused on developing high-value geographically significant projects including the Pipestone Project and the Voisey's West Project.